ANALYSIS

W1

On the daily chart of the pair a version of marking of the alternative waves "{d} or {iv}" with basic cycle of optimization of market data in one week is presented.

The events of the previous week have confirmed the case of pattern development into NeoWave Diametric as the last pattern of Double Combination in [f]-wave of higher degree. As a result, considering current development of the last (G)-segment of Diametric, which should not last more than a week, we can assume probability of [g]-wave commencing with long-term targets above 1,425.

The signs confirming that [g]-wave has commenced should be:

- Break of (D)-(F) trend line for a period of time shorter than (G)-wave formation.

- Break of the beginning of the estimated (G)-wave for time shorter than it’s a period of formation.

- Dynamics of the beginning of [g]-wave development should exceed dynamics of the largest (F)-segment in Diametric of the opposite direction.

The anticipated termination of (G)-wave at 61,8% retracement of (F)-wave should be close to 1.344 level, however, not below (F)-wave beginning.

EUR/USD-MN1:

Work chart: